chapter 1. Tariffs and trade barriers in the real world -- chapter 2. Tariffs in history -- chapter 3. Tariffs and trade wars: a dangerous spiral -- chapter 4. The United States starts a modern trade war -- chapter 5. Economists have their say.
Summary
NAFTA and a trade war with China have kept tariffs and trade agreements in the news in the early 21st century. This book presents the complex subject of tariffs, trade barriers, and their potential consequences, including their theory and history, with recent examples. It also presents historical and cultural tidbits, such as how the press ridiculed the embargo of 1870 by referring to it as "O grab me!", and South Carolina's threatened and actual secession from the Union.